Canada has considerable market of defibrillation products due to huge number of heart patients suffering from lingering heart diseases such as CVD, CHD, stroke, hypertension and other heart diseases. Canada contributes significantly to the defibrillator market due to huge investment in healthcare and adoption of innovative technologies in the healthcare domain. According to Canadian Institute of Health Research, more than 1.6 million Canadians are suffering from heart disease.
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According to the Heart and Stroke Foundation of Canada, as many as 45,000 Canadians experience a sudden cardiac arrest each year. Early access to cardiopulmonary resuscitation (CPR) and defibrillation (1 to 3 minutes after cardiac arrest) is vital. These actions may increase the chance of survival by 75% or more. Implantation of defibrillators is comparatively cheaper in Canada as compared to the US. The cost of implantation of defibrillator in Canada is around 40%-50% lower than the U.S. Canada has favorable government policies and regulations, which enables it to reduce the cost of surgeries and hospital stay. Every Canadian has a health card issued by Provincial Ministry of Health to avail the benefits of healthcare program. It is estimated that around 70% of Canadian healthcare cost is paid or reimbursed by the Canadian Government.
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Canada Defibrillators Market Segmentation
• Implantable Cardioverter Defibrillators
• External Cardioverter Defibrillators
• Ambulatory Services and Others
• Abbott Laboratories, Inc.
• Biotronik SE & Co. KG
• Cintas Corp.
• General Electric Co.
• Koninklijke Philips N.V.
• LivaNova PLC
• Medtronic PLC
• Mindray Medical International Co. Ltd.
• Nihon Kohden Corp.
• Stryker Corp.
• ZOLL Medical Corp. (an Asahi Kasei Group company)
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